Travellers can now carry up to $10,000

Each traveller can now carry up to $10,000 without declaration while departing or entering Bangladesh.

The central bank yesterday doubled the limit for both inbound and outbound passengers as part of efforts to boost the flow of the cash US dollar.

The inbound passengers will have to fill in the Foreign Money and Jewellery form if the amount crosses $10,000, according to a Bangladesh Bank notice sent out to banks.

The move will encourage travellers to carry up more foreign currencies while entering the country, which will put a positive impact on remittance, said officials of the banking watchdog.

In January, expatriate Bangladeshis sent home $1.63 billion to take the total thus far in the fiscal year to $11.04 billion.

Between the months of July and January this fiscal year, remittance was up 21.43 per cent year-on-year.

As per the central bank’s rule, both expatriate and non-expatriate Bangladeshis are allowed to keep the foreign currency in their hands for a maximum of one month.